Posts in category Business Standard
Fundraising through QIP shines, companies garner Rs 50,200 cr in 2023 (28-12-2023)
Fundraising through the issuance of shares to institutional investors skyrocketed, as companies raked in Rs 50,218 crore in 2023, marking a six-fold surge from the previous year and indicating a positive outlook among investors.
Apart from QIPs, fund mobilisation through rights issue of shares and OFS (Offer-for-Sale) route too surged in 2023, as compared to last year.
Market experts attributed the primary reason for the increase in Qualified Institutional Placement (QIP) fundraising to the market and investor sentiments that play an important role in their success.
As long as positive market vibes persist, and investors continue to reap returns, listed companies lean towards opting for fundraising through QIP as this avenue ensures swift access to funds, they added.
According to data by the National Stock Exchange (NSE), companies collected Rs 50,218 crore through QIPs in 2023, which was way higher than Rs 8,196 crore raised in the preceding year.
Bajaj Finance Ltd spearheaded th
FirstCry’s parent firm files DRHP; to raise Rs 1,816 crore via fresh issue (28-12-2023)
The Supam Maheshwari-led company proposes to utilize the Net Proceeds from the offer towards funding the expenditure for setting up new modern stores, a warehouse
GSK Pharma surges 7%, nears record high on healthy business outlook (28-12-2023)
Since November, the stock has appreciated by 36% after the company reported earnings improvement in Q2FY24 on strong demand for its vaccines and general medicine.
Firstcry’s parent firm Brainbees Solutions files papers to go public (28-12-2023)
Firstcry IPO: Brainbees Solutions will sell shares worth Rs 1,816 crore and existing investors, including SoftBank, will sell up to 54.4 million shares
KPI Green Energy zooms 9% on plans to consider second bonus issue in 2023 (28-12-2023)
Recently, the company also announced successful commissioning of two solar power projects totaling 17.35 MWp and 16.83 MWp for its respective clients.
HUDCO hits new peak, up 13% on Rs 14500 cr financing pact with Gujarat govt (28-12-2023)
Since November 1, the stock price of HUDCO has zoomed 74 per cent after Moody's Investors Service affirmed the Baa3 local- and foreign-currency issuer ratings of the company
Azad Engineering makes strong debut; lists at 37% premium over issue price (28-12-2023)
Azad Engineering IPO had received a robust response with the issue being subscribed 80.6 times. Sportsperson Sachin Tendulkar, PV Sindhu, Saina Nehwal and Nikhat Zareen are among shareholders.
Inside the record year for India’s $585 billion mutual funds industry (28-12-2023)
Equity funds have seen inflows for 33 straight months through November, with monthly recurring plans emerging as the most popular product among retail investors
Gold rises Rs 110, silver slumps Rs 300, trading at Rs 79,200 per kg (28-12-2023)
The price of 22-carat gold was up by Rs 100, with the yellow metal selling at Rs 58,500
Stock Market LIVE: Sensex up 300 pts, Nifty tests 21,750; Zomato tanks 4% (28-12-2023)
Stock market LIVE updates on December 28, 2023: In the broader markets, the BSE MidCap index gained 0.5 per cent and SmallCap added 0.2 per cent.